Asked by Muwal Deepak on Jul 25, 2024
Verified
There is a direct trade-off between lower costs and higher quality. Managers can achieve one or the other, but not both at the same time.
Direct Trade-Off
A situation in decision making where increasing one benefit requires the concurrent decrease of another benefit, illustrating the need to balance competing values or priorities.
- Acquire knowledge of the elementary definition of quality along with its diverse perspectives and dimensions.
- Acknowledge the role of operational efficiency and the use of tools like flowcharts and empowerment in improving processes.
Verified Answer
MA
modupe adeniyi
Jul 26, 2024
Final Answer :
False
Explanation :
This statement is not always true. In some cases, managers can find ways to reduce costs while also improving or maintaining quality through process improvements, efficient resource allocation, and other strategies. It is possible to achieve a balance between cost and quality, though it may require creative problem-solving and trade-offs in other areas.
Learning Objectives
- Acquire knowledge of the elementary definition of quality along with its diverse perspectives and dimensions.
- Acknowledge the role of operational efficiency and the use of tools like flowcharts and empowerment in improving processes.
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